Elwood Inc

question 55

Multiple Choice

Elwood Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. In February the company completed job D68R that consisted of 16,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job D68R shows that the total cost for the job was $916,800. During the month, the actual manufacturing overhead cost incurred was $224,480 and the manufacturing overhead cost applied to job D68R was $243,200. And during the month, 10,000 completed units from job D68R were sold. No other products were sold. The cost of goods sold that would appear on the income statement for February is closest to:

• A)$916,800
• B)$898,100
• C)$554,280
• D)$591,720

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Definitions:

Campinha-Bacote's Model

A framework for delivering culturally competent care in nursing and healthcare, focusing on cultural awareness, knowledge, skill, encounters, and desire.

Cultural Competency

The ability to understand, communicate with, and effectively interact with people across cultures, recognizing the value of diversity.

Cultural Skills

Communication, cultural assessment, and culturally competent care.

Teach-Back Technique

An educational strategy in which healthcare providers ask patients to repeat information in their own words to ensure understanding and retention.